AUSTRALIA

Resulting from Clean Global Energy's board and management changes in May 2011, CGE has revised its strategy to shift immediate focus to conventional coal exploration and monetisation of existing tenement assets.

CGE expects tenement 1748, a conventional thermal coal asset with low geological risk and priority application status, to be formally granted to CGE in Q3 and after successful stakeholder negotiations, drilling to commence before the end of 2011.

CGE continues to develop its proprietary UCG technology and evaluate suitable sites for UCG overseas.

As of July 1 2011, CGE's coal tenement package in Queensland and Victoria included 8 granted tenements covering 3,210 km2, 4 priority applications over 1,215 km2 and 5 competing applications over 1,298 km2.

CGE is evaluating all tenements as part of its strategic review process. Some tenements such as EPC 1507 will be sold, realising expenditure savings of $440,000.


EPC 1748
CGE considers EPC 1748 covering an area of 280 km2, which sits mostly in the Surat Basin, to be the best conventional thermal coal mining asset in its exploration portfolio. An initial drilling program of 3 to 4 holes to target a resource of 300MT is expected to commence drilling activities in late 2011. CGE is currently systematically making progress on securing land access agreements, conducting stakeholder engagement and procuring a drilling rig prior to commencement of drilling. Major road and rail infrastructure runs through EPC 1748. The Macalister coal seam which is part of the Walloon Coal Measures is considered to be the primary coal target.



EPC 1745
CGE has another priority application tenement, EPC 1745 which is on geological trend and is located some 40km southeast of EPC 1748. CGE considers this tenement to be ideal continuation of the coal exploration targets within the Surat Basin. However, the drilling results from EPC 1748 will provide a key role in guiding future exploration and evaluation.


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INDIA


CGE's binding HOA with Indian energy multinational, Essar, continues to offer opportunities for the company's UCG plans in that continent. These opportunities will continue as new coal blocks become available in India for UCG development.

CGE is working with Essar on a new UCG capability presentation for State companies in Rajasthan and Southern India. Potential revenue streams for each project in India include licencing and project management fees during design, construction and commissioning, and UCG Syngas production royalties after achieving commercial production.

Essar is one of India's largest private sector companies, engaged in the vertical businesses of steel making, electrical power generation, oil and gas production, construction, shipping and telecommunications.

Chief Executive Officer and Managing Director, Ms Alison Coutts

Ms Coutts has more than 30 years' experience in international engineering project management, strategy consulting and executive search. Her most recent experience has been in financial services, focusing on providing corporate finance and strategic advisory services to young, high growth companies. Ms Coutts is currently a non-executive director of DataDot Technology Ltd (ASX: DDT) and Chairs CSIRO's Health Sector Advisory Council.

Upon completing her engineering degree (the first female graduate of Melbourne University in Chemical Engineering), Ms Coutts worked in London as a graduate trainee with Bechtel Corporation in the design of petrochemical plants, which were based in the Middle East and the North Sea. She subsequently became a Lecturer in Physical Chemistry at the University of the West Indies, Department of Chemistry, Barbados. Ms Coutts returned to Bechtel to work in the corporate head office in San Francisco, USA before working as a contracts engineer on site in Taranaki, New Zealand, as part of the Bechtel team building the world's first commercial natural gas to gasoline plant. During her years with Bechtel Corporation Ms Coutts gained experience in designing and managing the construction of large multinational oil and gas projects.

Upon her return to Australia, Ms Coutts worked as a project engineer with a private firm designing, building and delivering complex processing plants to central Australia under extremely tight time frames and difficult budgetary constraints. She then completed her MBA at Melbourne Business School with distinction and won the Business Policy prize. She subsequently worked at Boston Consulting Group (BCG), Melbourne where she undertook assignments in strategy formulation, organisational restructuring and corporate training for a number of large Australasian corporations. After her time at BCG, Ms Coutts worked in Executive Search for Egon Zehnder International and was responsible for placing a number of executives across a range of functions and industries.

In 2001 she completed a degree in biotechnology at Melbourne University and was subsequently headhunted to Sydney to lead a stock broking firm's efforts to enter that field. A year later she co-founded a boutique financial advisory firm, eG capital, which quickly became established as a leader in providing corporate advisory, capital raising and stock broking services in the Australian Life Sciences sector. Over its seven years in operation, eG Capital raised in excess of $500 million for the sector through IPOs and secondary raisings. During this time Ms Coutts gained a great understanding of the special difficulties, not just financial, that beset many small companies and some of the remedies that can be applied. She brings this hands-on experience to Clean Global Energy.

Interim Board Chairman, Mr Domenic Martino

Mr Martino brings considerable corporate knowledge and leadership, as well as strategic opportunities to the company. Mr Martino was CEO of Deloitte Touche Tohmatsu in Australia from 2001 to 2003. During that time he was also a member of the Global Executive Committee of Deloitte Touche Tohmatsu International. As well as being made a Partner, he held various management roles within this company and its predecessor firms, providing financial advice and risk management, including mergers and acquisitions, and initial public offerings, extending back to 1981. He is currently Chair of Australasian Resources Ltd, developing a billion tonne iron ore resource in the Pilbara, and a Director of Clive Palmer's upcoming Hong Kong listed resource company, Resourcehouse Ltd. Mr Martino has recently been appointed to the boards of Cokal Limited, focussed on building a global coking coal business, and Pan Asia Corporation Ltd, developing thermal coal projects in Indonesia. Mr Martino's academic qualifications and professional affiliations include a Bachelor of Business, Curtin University, a Fellow of the Institute of Chartered Accountants in Australia, a Fellow of the Australian Society of Certified Practising Accountants and a Fellow of the Australian Institute of Company Directors.

Non-Executive Board Director, Mr Wayne Rossiter

A mining engineer and a chartered accountant for more than 20 years, Mr Rossiter, has held senior finance and management roles in significant resource companies including Core Mining, Sino Gold Mining, Cockatoo Coal and Roc Oil. His solid mining engineering background, coupled with his extensive accounting and finance skills offers a deep understanding of both operational and boardroom risks. His experience covers companies listed on the ASX, TSX and SEHL, primarily in small to mid-sized stocks up to $A1.5 billion. Mr Rossiter owns a depth of knowledge and experience in transitioning companies from the exploration stage through to development and into production. His broader general management and technical skills in understanding the coal and gas mining sectors, and delivering successful projects, is highly prized at Clean Global Energy. Mr Rossiter's global range of experience includes coal seam gas operations with Planet Gas in the Powder River Basin in Wyoming, USA. Conventional oil and gas experiences were gained through his time with Novus Petroleum, operating in Australia, Indonesia, the USA, and the Middle East, and with Rock Oil Company Ltd, with projects in the UK, China, Australia and Africa.

Mr Rossiter's academic qualifications include a Bachelor of Mining Engineering (Hons) from the University of New South Wales, a second Major in Accounting at Sydney's University of Technology, and a Masters in Accounting through the Australian Institute of Chartered Accountants. His Masters of Finance was completed at Macquarie University. Mr Rossiter is a Member of the Australasian Institute of Mining and Metallurgy, a Member of the Australian Institute of Chartered Accountants and a Graduate Member of the Australian Institute of Company Directors.


Executive Board Director and Technical Director, Dr Michael Green

Dr Green is considered to be a world leading underground coal gasification (UCG) specialist, with more than 32 years experience in energy-related engineering and research. Amongst his many achievements, he led the successful European UCG trials in Spain.

Dr Green is a founding Director of the UCG Partnership, a global alliance of more than 12,000 professionals creating a community for energy professionals and academics, and a scientific and technical base for industry. The Partnership advises governments, regulatory bodies and the public, offering independent information, professionalism and a wealth of expertise in UCG. Dr Green has authored many papers on UCG, and continues to make presentations to major coal and energy conferences. He works with companies and state bodies to assist them with UCG options. Dr Green established UCG Engineering Ltd, a company that specialises in global UCG research and engineering projects. Clients include the UK Department of Trade and Industry, Newcastle University, the European Commission, Sindh Coal Field Interests (Pakistan), and Overgas Inc. (Bulgaria). He is a non-executive Board Director and Technical Director for Clean Global Energy.

Prior to forming the UCG Partnership and establishing UCG Engineering Ltd, Dr Green was appointed as a specialist consultant to the UK Department of Trade and Industry and the UK Coal Authority to evaluate the feasibility of UCG technology for UK coal resources, and delivered his report to the British government, as well as other briefing papers for the government on this topic. He was also an advisor on the Scottish UCG project in the Firth of Forth. Dr Green was appointed as Director and General Manager of the €17M trial of UCG in Teruel, Spain, which operated from 1996 to 1999. During this time, he led the project through all phases, from plant commissioning, gasification, close down and analysis, and met all project objectives and deliverables set by the European Commission and participating countries. He reported directly to the International Board and the European Commission in Brussels.

Dr Green is a Chartered Engineer, a Member of the Institute of Chemical Engineers and an Associate Member of the American Society of Mechanical Engineers. He holds a Bachelor of Science in Chemical Engineering, and a Ph.D in Engineering from Imperial College London.